Entering home mortgage interest and other information from Form 1098 in Lacerte

This article will help you enter information received on a 1098.

Entering home mortgage interest information from Form 1098, box 1 and 2

1. Go to Screen 25, Itemized Deductions.
2. From the left sections, select Interest.
3. In the Home mortgage interest & points on Form 1098 [A] (Ctrl+E) field hold down Ctrl and press E.
4. In the table, enter the Description and Amount.
5. Select OK once complete.

Entering information from Form 1098, box 3 as other income

1. Go to Screen 14.1, SS Benefits, Alimony, Miscellaneous Income.
2. Scroll down to the Alimony and Other Income section.
3. Hold down Ctrl+E in, Other income.
4. Enter a Description.
5. Enter the Amount.
6. Select OK on the Other income detail window once complete.

Entering information from Form 1098, box 4

1. Go to Screen 25, Itemized Deductions.
2. From the left section select Interest.
3. Enter the amount in, Qualified mortgage insurance premiums paid on post 12/31/06 contracts.

Related topics:

• Amortization of Mortgage Points for Schedule A Itemized Deductions
• IRS Pub. 936